In 1958, ten employees of the Southwestern Louisiana Institution decided to form a credit union for the purpose of creating a source of credit for its membership by pooling members' savings to make loans at a low rate of interest. They also wanted to offer other services which would enhance their members' economic and social well-being. Through the years of the Credit Union's existence, the University has always been the only sponsor. The field of membership follows a common bond that includes the following: Employees of the University of Louisiana at Lafayette and its affiliates such as the University Foundation, New Iberia Research Center, University College, and Career Services. Undergraduate and Graduate students of the University of Louisiana at Lafayette University of Louisiana at Lafayette Alumni Association Members Official Student Organization of the University of Louisiana at Lafayette Retired employees of the University of Louisiana at Lafayette